Author: dmitriy.vasyura@gmail.com

Kevin O’Leary simply walked away with a $2.8 million courtroom win. The Shark Tank investor secured a default judgment towards former crypto influencer Ben Armstrong, higher often known as BitBoy Crypto.

The humorous factor? Armstrong didn’t even correctly defend himself. A federal choose in Florida stepped in and awarded heavy punitive damages after claims surfaced that Armstrong publicly referred to as O’Leary a “assassin.”

• Choose Beth Bloom awarded O’Leary $2 million in punitive damages plus $750,000 for emotional misery.
• The court docket rejected Armstrong’s try to blame the default on psychological well being struggles and incarceration.
• Armstrong beforehand taunted O’Leary on-line, posting his private telephone quantity and alleging a cover-up concerning a 2019 boat crash.

The Feud Behind Kevin O’Leary Lawsuit

This entire battle traces again to a tragic 2019 boat crash involving O’Leary’s spouse, Linda, the place two folks misplaced their lives. She was absolutely acquitted in 2021. Case closed.

Years later, Armstrong went on-line and ignored that consequence fully. He posted claims saying O’Leary and his spouse “murdered a pair and coated it up.” Then it escalated. He shared O’Leary’s personal telephone quantity and urged followers to name him, throwing out strains like he was a “rabid canine” going after him.

At one level, Armstrong even mocked critics by asking, “What are you gonna do, sue me?”

Seems, that’s precisely what occurred. And on March 26, 2025, he acquired his reply in court docket.

Breaking Down the $2.8 Million Judgment

The ruling included $78,000 for reputational injury and $750,000 for emotional misery.

O’Leary even pointed to elevated safety measures and modifications to studio entry due to fears tied to Armstrong’s on-line following.

Then got here the true blow. An additional $2 million in punitive damages, meant to ship a message. Armstrong had already defaulted after failing to answer the lawsuit in 2025. He later tried to undo that default in early 2026, arguing incarceration and psychological well being struggles stored him from defending himself.

The court docket didn’t purchase it.

This judgment provides to what has already been a brutal stretch for Armstrong, who was pushed out of the HIT Community and is now looking at critical monetary fallout.

The put up Kevin O’Leary Wins $2.8 Million Defamation Judgment In opposition to BitBoy Crypto appeared first on Cryptonews.

Bitcoin holders could also be coming into a unique section of the market cycle as inflation eases, in response to entrepreneur and investor Anthony Pompliano, who says the asset’s core thesis is now being challenged.

Key Takeaways:

• Pompliano says easing inflation is testing Bitcoin traders’ long-term conviction.
• Bitcoin’s shortage thesis relies upon extra on cash provide enlargement than short-term CPI strikes.
• Weak sentiment and macro uncertainty might stress costs earlier than a possible restoration.

In an interview with Fox Enterprise on Thursday, Pompliano argued that many traders first turned to Bitcoin throughout a interval of rising costs and aggressive financial enlargement.

With inflation slowing, he mentioned, the actual query is whether or not individuals nonetheless imagine in Bitcoin’s long-term objective.

Pompliano: Bitcoin’s Case Examined With out Excessive Inflation

“I believe the problem for Bitcoin traders, are you able to maintain an asset when there’s not excessive inflation in your face on a day-to-day foundation?” he mentioned.

“Can you continue to imagine in what Bitcoin’s worth proposition is, which is that it’s a finite-supply asset. In the event that they print cash, Bitcoin goes greater.”

Authorities information reveals inflation cooling modestly. The Client Value Index slowed to 2.4% in January from 2.7% a month earlier, in response to the US Bureau of Labor Statistics.

Even so, Moody’s Analytics chief economist Mark Zandi not too long ago informed CNBC that the advance seems stronger in statistics than in on a regular basis prices confronted by customers.

Bitcoin has lengthy been promoted as a hedge in opposition to forex debasement as a result of its provide is capped at 21 million cash.

When central banks broaden liquidity and weaken buying energy, traders usually transfer towards scarce property, together with Bitcoin and gold, each of which Pompliano described as sturdy long-term shops of worth.

Market sentiment, nevertheless, has deteriorated. The Crypto Worry & Greed Index not too long ago dropped to an “Excessive Worry” studying of 9, a stage not seen since June 2022.

Bitcoin was buying and selling close to $68,850 at publication, down roughly 28% over the previous month, in response to CoinMarketCap.

Pompliano expects macroeconomic situations to create turbulence earlier than any sustained restoration.

He anticipates deflationary pressures within the quick run, adopted by coverage responses resembling charge cuts and renewed liquidity injections.

“We’re going get deflationary-type forces within the quick time period, persons are going to ask to print cash and to drop rates of interest,” he mentioned.

He described the dynamic as a “financial slingshot,” the place forex devaluation happens whereas falling costs briefly obscure its results.

Over time, he argued, extra cash creation would weaken the U.S. greenback and strengthen scarce property.

Bitcoin Slides as US Jobs Revision Shakes Market Confidence

Bitcoin’s latest decline adopted a pointy shift in financial expectations after US authorities revised final yr’s employment information decrease by practically 900,000 jobs.

Whereas January payrolls confirmed a modest achieve of 130,000 positions, the massive adjustment undermined confidence in earlier experiences and unsettled monetary markets.

Traders reacted much less to the weak headline determine and extra to the reliability of the info itself, as uncertainty tends to weigh closely on danger property.

The change rapidly rippled throughout markets. US Treasury yields rose, with the 10-year shifting from about 4.15% to 4.20%, whereas expectations for a March interest-rate lower dropped sharply from 22% to 9%.

Derivatives exercise additionally intensified, with massive merchants growing hedging positions in opposition to additional draw back.

Analysts famous that preliminary labor estimates, together with statistical fashions used throughout financial transitions, might have overstated job creation in prior readings.

For Bitcoin, the bond market stays a key sign. Greater yields sometimes tighten liquidity situations, making it more durable for speculative property to get well.

Though some merchants imagine costs may very well be nearing a backside, present market habits suggests hesitation.

The submit Pompliano Says Cooling Inflation Assessments Bitcoin Traders’ Conviction appeared first on Cryptonews.

Lockheed Martin has unveiled the Lamprey underwater drone, which mimics a parasitic fish to maneuver stealthily by attaching itself to vessels. It may possibly carry torpedoes, sabotage modules, or micro-drones for reconnaissance.

The American protection company Lockheed Martin has formally unveiled the revolutionary Lamprey ("Minoga") underwater unmanned aerial car. The individuality of the event lies in its biomimetic strategy: the drone mimics the habits of parasitic fish, permitting it to maneuver stealthily over lengthy distances by attaching itself to the hull of enemy or industrial vessels. This was reported by Protection Categorical, writes UNN.

Particulars

The identify of the equipment, Lamprey, straight refers back to the household of jawless fish that cling to their victims with suckers. The Lockheed Martin drone is provided with sixteen highly effective electromagnetic or vacuum sucker imitators.

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This permits it to "hitchhike," saving its personal battery cost whereas shifting in the direction of its goal. Furthermore, whereas connected, the drone can deploy a particular generator to regenerate power from the water circulation generated by the motion of the host vessel.

Due to its small dimension and attachment system, the Lamprey is nearly unattainable to detect utilizing customary sonar, as its signature blends with the noise of a big vessel. This idea is right for covert penetration into protected waters, notably within the Indo-Pacific area, the place the drone can use the extreme site visitors of economic vessels to strategy enemy army bases.

Modularity and Payload

Regardless of its compact dimensions, the Lamprey has a modular compartment with a quantity of about 0.68 cubic meters for accommodating numerous tools. The builders have offered three fundamental payload configurations, making the equipment a flexible device for underwater warfare:

• Strike module: armed with small torpedoes to destroy boats or small submarines.

• Diversionary module: deploying false targets that mimic the signatures of huge submarines to distract enemy ASW.

• Reconnaissance module: three launchers for micro-drones able to performing reconnaissance or strike missions straight within the enemy's port.

Though the precise navigation traits and vary are nonetheless categorised, Lockheed Martin emphasizes that the consumer will be capable to simply adapt the drone to particular duties.

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